Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MuTu on February 02, 2019, 06:13:59 AM
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
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Its easy to said but I would say its a very long vision. If it happens certainly this crypto market will grow tremendously. But I don't think so it will happen in coming 5-10 years time. I believe it will take very long time.
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There are still a lot of things that needs to be done before that happens. Lack of infrastructure is also one thing that needs to be addressed.
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for this predictions there are so many things that needs to be consider first specially the government who wants to control bitcoin
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Its easy to said but I would say its a very long vision. If it happens certainly this crypto market will grow tremendously. But I don't think so it will happen in coming 5-10 years time. I believe it will take very long time.
Yes, you are right. In addition, there are still many people who don't know about cryptocurrency. The development of the internet, technology, cryptocurrency is progressing, but for infrastructure and information distribution, it still does not cover all regions of the world.
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It would be a magic for every crypto lovers. I think if that happens, total economic system will changed radically at once and everybody will be happy as there will be less risk in transaction and carry.
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Each government has to set cryptocurrency friendly regulations first before that can happen. At the moment, many are still debating as to how they will go about digital currencies especially in the field of taxation.
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I think it's very hard that this will happen in next future, crypto is very small and young market at the moment and there are too many different coins....I think that when market will be stable and big with only few coins maybe this could happen.
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Our future will be brighter if we used crypto in all of out transactions because all transaction will be in online.Even if whenever we are we can do pay our bills like shopping and life goes easier.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
No, because there are different coins for different uses. We are used to this (one for all, centralized), because of fiat currencies, but I think, we are moving to a decentralized world with many choices and opportunities. Are everybody has taste in food, on cars, on vacations, we will have a taste of the tool of transaction settling.
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It still cannot be implemented for now because there are many countries don't accept crypto currencies yet. It may be applied once most of countries in the world agree to utilize crypto for global transactions.
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That would be nice. It's the main idea behind crypto, to be used as a payment system. It is going to take more time before that can happen. It may take a decade or even more.
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Here is you of course have come up with. Well, let's imagine it and drool a little, because this is an ideal situation.
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maybe the world will agree if all transactions use crypto. however, will it be convenient to use Crypto as a payment transaction? I think there will be a lot of crime. because the price of the cryptocurrency is very tempting
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If this happens, then most likely it will be possible to abandon fiat money and the cryptocurrency will acquire another value!
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Money can be mens happiness. Digital currency important for virtual reality life. At present crypto transfer very easily and rapidly. So all transaction amound the worth use crypto or digital money.
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If so, we will have an "opened" economy, all activities will be fast, cheap & accessible for everyone.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
I don't get what you are trying to get here. Are you asking or are you sharing information? You question seems to lack another sentence. I am not sure neither if others understood your question since they have different answers. I am just curious what you are trying discuss here.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
I hope It will happen soon mate. all transactions around the world use crypto, Digital era will come soon. Lets see.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
it is not easy to implement what you want, because there are still many shortcomings, especially the community, there are still many who haven't been in the year, what is blockchain and crypto itself
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If all countries accept Cryptocurrency, surely all transactions will use Cryptocurrency. Whether it's paying, electricity, insurance, shopping and so on. But that is not an easy thing, to make all of these countries believe in Cryptocurrency.
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It is not excluded that all the things that you have named can be done using the cryptocurrency in the future. However, it will take a lot of time, because for implementation it is necessary to solve a lot of problems that exist in cryptocurrency today.
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To be sure, it will give us a lot of comfort. Because I believe, cryptocurrency and blockchain technology the underlying. Technology of the future. But I agree with what people say, that it might take a long time. At least 5 years from now, until it can truly be realized
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I hope It will happen soon mate. all transactions around the world use crypto, Digital era will come soon. Lets see.
It will be quite long time to make a digital era. I don't think if it will come so soon, there are still many countries around the world that don't accept crypto. But I am confidence to have digital era in the future as you said.
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You forget something that you have forgotten about how MasterCard and VisaCard work.
Stop the finger before the cryptoccurrency but the difference is how it works.
The workings of cryptocurrency are decentralized and tend to fluctuate, very much different from the stable Master Card.
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We still need ATMs and EDC machines to be able to use crypto, it will be easy for everyone to make transactions when they see that each store is supported by machines and crypto payment systems, there are some countries that prohibit crypto transactions, we can be patient waiting for everything to be used as transactions in the future
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I think there must be definite rules and policies so that transactions throughout the world use crypto. I support a program like this, because it will certainly encourage crypto to move forward and overcome problems that exist throughout the world.
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Each government has to set cryptocurrency friendly regulations first before that can happen. At the moment, many are still debating as to how they will go about digital currencies especially in the field of taxation.
Yes, I agree with your opinion. Indeed there needs to be a meeting from the government to establish cryptocurrency rules and taxes that are mutually beneficial for us together, after that they are applied in the field. Because cryptocurrency is an opportunity and is needed in the progress of this digital age.
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So do I. Cryptocurrency is very convenient for payment of human needs in the city. Especially in the 21st century.
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It may be good , yes but i think the government need to consider how the taxes will be considered in this kind of situation, and if they will use it i think we will be at the future or more technological year.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
Transactions using crypto can be done in all countries if all countries agree to this transaction system, all stores will need internet access and payment tools that support each altcoin, there will be many requests and that will increase the price of each altcoin.
By the way, it takes time to send altcoins to different wallets and everything takes time
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Everything would be easy yes, but governments didn't like it because then they do not have any control over taxes, they cannot print money to control inflation etc. (if they use their own currency, they can though) We will see this in 20-30 years but it is too early right now.
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The truth is that i personally don't expect all transaction in the world to be done using crypto because we don't need all transaction in the world to be done in crypto before we can make something meaningful in crypto, cryptocurrency has got what it takes to dominate the world at large.
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I think one day this will be the only truth. Think of it like this.
If all people used cars instead of horses back when the cars were invented.
Or if all people used the internet to communicate instead of the telegraph.
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Of course, if all transactions are already using Cryptocurrency, everything will be very easy. One thing that is very important for Cryptocurrency transactions is the internet network. If the internet runs smoothly, Cryptocurrency Transactions will also be Smooth, The problem now is Is the whole region in the World already affordable with the Internet? I don't think so. And to make Cryptocurrency as an official transaction tool in the whole world still takes a long time.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
If this thing or scenario would happen there will be huge network congestion and expect longer waiting time
for a transaction to be confirmed because of the number of transactions will be high and we might also expect
some increase in fees because lower fees might take days or months to be confirmed.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
This will never happen, do not even hope. No state will ever fully switch to the use of cryptocurrency. Cryptocurrency can only occupy its niche in financial calculations in the state, and it will not be the main one. Cryptocurrency can go in the state only in parallel with the national currencies of the states.
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I don't think so, why? This is the world, consisting of numerous societies.
I personally come from the developing country in which there are still many poor and low societies understanding of the technology. They still concern with nature, culture on each local, and also use the fiat or barter for the transaction. And the government cannot force to use crypto at all.
It may happen, but a long long time later.
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There will be a fiat currency system, in parallel with cryptocurrency. Governments, have problems, but I cannot say, that everything they do, is wrong. So, government monetary policies, should exist. Fiat currency, lets government policies to exist.
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It's time we use payment using crypto, but there will be many users who are confused by this transaction system, they need smartphones and other equipment to support the crypto transaction system.
this system will reduce the level of forgery of payment documents that has always happened to date.
even banks will not provide information such as transparency that is owned by the blockchain.
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All will be easy with Cryptocurrency, because Cryptocurrency is here to provide convenience to the world. Cryptocurrency is a modern payment technology, so we need to develop it and spread it widely. However, despite the many advantages possessed by the digital currency cryptocurrency, the reality is that there are still many countries that have not received it. So it still takes a long time for this Cryptocurrency to be received by all countries in the World.
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I also expect that, but I don't think it will be easy and will take a very long time, and the government will not allow that to happen because the government cannot easily control crypto.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
If this thing or scenario would happen there will be huge network congestion and expect longer waiting time
for a transaction to be confirmed because of the number of transactions will be high and we might also expect
some increase in fees because lower fees might take days or months to be confirmed.
If we only consider the Bitcoin blockchain to complete transactions, then of course this is impossible, but if you consider that all transactions in the world will use different blockchains with greater network bandwidth, then it is quite possible. Moreover, it is worth mentioning that if Bakkt is launched, the number of transactions will increase significantly due to the special structure of the platform.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
This will never happen. No state will ever give up their national money. Decentralized cryptocurrency can walk in society only along with the usual currency. Cryptocurrency itself will not be able to serve the economy of the state and will cause chaos in it because of its high price volatility.
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This will never happen. No state will ever give up their national money. Decentralized cryptocurrency can walk in society only along with the usual currency. Cryptocurrency itself will not be able to serve the economy of the state and will cause chaos in it because of its high price volatility.
I cannot say "it will never happen". I think it is still possible as long as there is a chance even if the chance is rather small. It is undoubted that crypto coins are unstable and very volatile, but who knows about them in the future. Everything can change and have a chance to happen.
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Traditional currencies can die only when governments die, but is some countries they just make "national cryptocurrency", which of course is centralized
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It will be the time when the world has uses all technology and it may happen next hundreds year. Why did I say so? Because this is the world, not an easy thing to turn all payment using crypto. There are still many countries that have low societies knowledge, activities, and also lifestyle traditionally.
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Day by day bitcoin climbs, Atl still silent and stare graft dubiously. folks say keep calm, there's time for EL pitched battle. however that day was ne'er gift, it looked like folks were desirous to EL, like me. no matter happened to the market, a market state like this looks to be happening for a protracted time. unsure regarding it. affirmative nobody will predict the long run and it's not over for Altcoins therefore why can the holders panic?. they simply ought to be calm and zilch that's if they're holding a decent coin.
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Yes it is! That is the power of Digital money. We could save our time in going to the bank to withdraw money plus the most important thing is that crypto is secure it cannot be hacked unless you give your private key. Imagine if people will used it in their transactions around the world, we can never see the price of bitcoin as lower as today.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
Its a good perspective at which the general public will get used to crypto, and which will make crypto to be well known, used and trusted. But this will not be happening anytime soon. The government sector of every country will have to first accept this idea, and push it on the civilians who has no idea of crypto. This could take a lot of time.
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Yes, of course, paying electricity or insurance will be very easy if all transactions in this world use Cryptocurrency. not only that, we will also be very easy to shop for other household needs, because indeed the purpose of Cryptocurrency is to facilitate online transactions. Because nowadays are increasingly modern, tools are increasingly sophisticated. And this is the time, the world as a whole uses Cryptocurrency as a payment tool in all fields.
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Thats right but still not possible this time since most of the countries are not yet ready to adopt these technological advancement, the hindrance mostly is the regulation, Western countries are still wary about cryptocurrency specially the United States it was a huge market before but today it was decline due to strict regulatory requirements.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
I think everything will be the same as the credit card owned by Fiat, you can make deposits and withdrawals as you wish, but need a stable coin to be able to do this transaction because the government always rejects crypto because the price is fluctuating. The government is still considering many things to this, I am sure they want to adopt cryptocurrency but still need consideration from members of the government and banks to take part
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That's very true, all will be very easy! That's the question now is, when will it happen? All countries in the world will use cryptocurrency as their transaction tool?
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That's very true, all will be very easy! That's the question now is, when will it happen? All countries in the world will use cryptocurrency as their transaction tool?
These are only fantasies that have nothing to do with reality. Here we are talking about the possibility of transition of all states to the use of cryptocurrency only. This will never happen. No state will give up their national money in favor of cryptocurrency. Not a single state’s economy can withstand this.
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The development of crypto cannot be ignored as well. However, to turn all payment around the world using crypto is very hard to do. IT involves the whole countries including their citizens. There are different levels of citizens around the world. This thing may not be able to apply in short 20 years.
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But how can this happen. The best we can see is for countries to legalise btc. I don't think any country will ever restrict its citizens to using btc for all transactions.
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if transactions around the world use crypyocurrency, I think that is reasonable and greatly facilitates the transaction process itself. Because the circulation of crypto currencies can already be received by people throughout the world. surely the government must also help launch this transaction.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
No, this will never happen. If you look at this issue more globally, then a sign of statehood is its own money. The state's economy will not be able to develop normally, if the money is not associated with this economy. In addition, there are also a lot of problems that can lead to the loss of statehood. Therefore, no state will ever completely switch to the use of cryptocurrency.
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It would be a magic for every crypto lovers. I think if that happens, total economic system will changed radically at once and everybody will be happy as there will be less risk in transaction and carry.
There will be happiness in one side, but on the otherside the charges for transactions will rise. Except there will be preference when purchasing of goods. No one will like to purchase something worth $100, using $50 - $70 as transaction fee.
This will take a long time before it can be used.
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I don't think any country will ever restrict its citizens to using btc for all transactions.
It will be difficult to use BTC for all transactions. The first reason is about its volatility or instability. This factor makes people difficult to set the amount for their transactions with BTC. In my country, this seems to not happen, but I don't know in other countries.
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I don't think so. Indeed cryptocurrency can make it easier for us to transact across countries throughout the world. However, not all countries want and are ready to apply this. This is limited to the knowledge and conditions of the people in each country.
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I don't think so. Indeed cryptocurrency can make it easier for us to transact across countries throughout the world. However, not all countries want and are ready to apply this. This is limited to the knowledge and conditions of the people in each country.
Yes. A very small fraction of people know about cryptocurrency. It will take time for people to find out and gain confidence. Fiat, will be here for long.
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If all the transactions around the world is to go through crypto it could be more easy and low cost efficiency with only just a click but the challenge here using blockchain technology in transactions could affect other people who are ignorance of the innovation and the idea of cryptocurrency to transmitting their payment when they are not use to blockchain technology so this can limits them from using cryptocurrency transactions.
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I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?
Yes, its a good idea which all transactions will going to be easy and ofcourse we could less our transaction through p2p transaction, but i think about what if there's a brown out? Or there will a lost of internet connection. Probably all transactions stop and can't go through without this. Therefore crypto is just stay alternative way of payment even the whole technology will go innovation.
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If all the transactions around the world is to go through crypto it could be more easy and low cost efficiency with only just a click but the challenge here using blockchain technology in transactions could affect other people who are ignorance of the innovation and the idea of cryptocurrency to transmitting their payment when they are not use to blockchain technology so this can limits them from using cryptocurrency transactions.
That's true, not everyone will receive crypto, because not everyone can use crypto.
Maybe only the youth will receive crypto
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Obviously, before crypto can be used in business transactions in the world, i think there should be a proper crypto education to enlighten everyone. If every transaction are carried out on crypto blockchain, it will be amazing; this what many crypto enthusiasts will be anticipating some time in the future.
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Traditional currencies can die only when governments die, but is some countries they just make "national cryptocurrency", which of course is centralized
People always need a leader, I mean most people, therefore, governments (in any form) will never die. thus, centralized currencies (also in any form) will be used, although crypto will also live.